CORRECT: Cablevision posts complete quarterly results

NEW YORK (MarketWatch) - Cablevision Systems Corp.
CVC, -1.43%
on Thursday reported complete second-quarter results and filed restatements with the Securities and Exchange Commission for certain periods. For the second quarter ended June 30, the company earned $14.6 million, or 5 cents a share, down from $213.8 million, or 74 cents a share. Revenue rose to $1.42 billion from $1.23 billion. For the year in its cable television segment, the company expects basic viedo subscriber growth of 3.5% to 4%, revenue generating unit net additions of about 1.5 million, total revenue growth and adjusted operating cash flow growth in the high teens on a percentage basis, and capital expenditures of about $750 million. (Corrects revenue generating unit net addition forecast.)

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